A third of Canadian businesses don’t think they could detect a cyber attack, EY’s Global Information Security Survey reveals.

“The key to effective use of threat intelligence lies in relating it to business context quickly, or face the inevitable drowning in a sea of irrelevance,” says Abhay Raman, EY’s Canadian Cyber Security Leader. “Companies need to consider how to filter the useful information from the useless. In other words, they need to plan for this onslaught of data before they are buried in it.”

The source of a cyber attack often depends on the industry a business is in.